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The Times of India
The Times of India
Business
Surojit Gupta and Saurabh Sinha | TNN

Star9 Mobility to buy 51% govt stake in Pawan Hans for Rs 211.14 crore

PHL New Delhi Uber FlyBig ONGC Air India

NEW DELHI: A government panel on Friday approved the privatisation of state-run helicopter services provider Pawan Hans Ltd (PHL) accepting the highest bid of Rs 211.14 crore from a consortium — Star9 Mobility Private Ltd — which has promised to turn the losing making entity into a on demand helicopter taxi service on the lines of Uber.

This is the second major privatisation in aviation after Air India and AI Express being taken over by the Tatas earlier this year.

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